Afren

London, 24 July 2007 - Afren was notified today that Dr Rilwanu Lukman, non-executive Chairman, has sold 1,437,000 ordinary shares of 1p each at a price of 70.359 pence per share.  The share sale was effected on 16 July and settlement took place on 20 July. 

These shares have been held since the inception of the Company in 2004.  Part of the proceeds will be used by Dr Lukman in support of the philanthropic endeavours in which he is involved in West Africa. 

Following this disposal, Dr Lukman remains beneficially interested in 6,000,000 ordinary shares which represent 2.24 per cent. of the issued share capital of the Company.

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